MANILA — The Philippines’ gross foreign reserves PHFXR=ECI rose slightly to $104.8 billion at the end of June, from a revised $104 billion a month earlier, the central bank said on Tuesday, citing preliminary data.
The latest forex reserves provide a “sufficient” external liquidity buffer equivalent to 6.8 months worth of imports of goods and payments of services and primary income, it said in a statement.
—Reporting by Mikhail Flores; Editing by Andrew Heavens